Tech and energy stocks fuel Tuesday’s rally

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  • The S&P 500 Index rose to a new high on Tuesday.
  • Tech and energy stocks post impressive daily gains.
  • IHS Markit Ltd shares fell sharply after Monday’s rally.

The S&P 500 Index (SPX) it opened at a new all-time high on Tuesday and is still on track to close the day with decisive gains. At time of writing, the SPX was up 1.3% on the day at 3,668.

S&P 500 Major Changes

Risk-sensitive energy and technology stocks are the top daily percentage gainers on Tuesday. At the time of writing, Lincoln National Corp (LNC: NYSE), Western Digital Corp (WDC: NASDAQ), Capital One Financial Corp (COF: NYSE), Micron Technology Inc (MU: NASDAQ) and National Oilwell Varco Inc (NOV: NYSE) shares are up 6.2% to 5.2%.

On the other hand, IHS Markit Ltd (INFO: NYSE) and S&P Global Inc (SPGI: NYSE) shares are suffering heavy losses. On Monday, both INFO and SPGI posted impressive gains after S&P Global Inc announced its decision to acquire IHS Markit Ltd in a $ 44 billion equity deal. At time of writing, INFO and SPGI are down about 5% on the day.

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